2025-05-15T13:03:42-07:00 2024-06-30 440160260 Forvis Mazars LLP 111 E Wayne Street STE 600 Fort Wayne IN 46802 990 2023-07-01 381359083 ALMA COLLEGE ALMA 9894637144 614 W Superior Street Alma MI 48801 James Carman CFO 9894637144 2025-05-15 1 1 Lauren Denton P01571860 2604604099 2025-05-15 2023 2025-03-06 01:10:19Z Eric Blackhurst 614 W Superior Street Alma MI 48801 113158384 0 X www.alma.edu X 1886 MI Alma College's mission is to prepare graduates who think critically, serve generously, lead purposefully, and live responsibly as stewards 25 25 994 75 805393 163423 13658652 11102831 70488259 72305924 2116543 5860548 713825 1081179 86977279 90350482 37327501 39247259 0 0 26411172 26172380 0 0 1650966 28493933 27554014 92232606 92973653 -5255327 -2623171 256194991 259551600 68526973 66506295 187668018 193045305 Alma College's mission is to prepare graduates who think critically, serve generously, lead purposefully and live responsibly as stewards 0 0 82925014 39247259 72405636 Scholarships and awards to students offset the cost of tuition. Instruction provided to students by highly qualified faculty and assistants. Housing and food service provided to students. Alma College is a residential liberals arts college with approximately 96% of students living and eating on campus. 0 0 0 82925014 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 154 0 1 994 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Alma College 9894637144 614 W Superior Steet Alma MI 48801 Dr Jeffrey Abernathy President 60 X 376371 0 103995 Raymond Barclay Chief Operating Officer 60 X 249807 0 11712 Scott Wills Vice President of Advancement 60 X 230462 0 14668 James Carman Vice President of Finance 60 X 182894 0 28789 Damon Brown Vice President of Student Affairs 60 X 156232 0 25220 Kelley Peatross Vice President of Human Resources 60 X 170522 0 4067 Melinda Booth Vice President for Communication and Marketing 60 X 145439 0 15542 Michael Selmon Faculty 50 X 123860 0 24466 Kyle Warner Chief Information Officer 50 X 123536 0 21095 Scott Dexter Faculty 50 X 130119 0 10755 Jason Couch Head Football Coach 50 X 115394 0 23199 Sarah Dehring VIce President/Director of Athletics 60 X 123781 0 14361 William Nichols Faculty 50 X 121468 0 8930 Sean Burke Provost 60 X 100664 0 10493 Timothy Pinnow Chief Operating Officer 60 X 84912 0 5222 Robert Murray Vice President for Advancement 60 X 35004 0 2944 Erika Powers Appelt Trustee 2 X 0 0 0 Karen Asner Trustee 2 X 0 0 0 Brian Bartes Trustee 2 X 0 0 0 Eric Blackhurst Trustee 2 X 0 0 0 Kevin Blatchford Trustee 2 X 0 0 0 Carol Burns Trustee 2 X 0 0 0 Robert Cramer Trustee 2 X 0 0 0 Charlie Deacon Trustee 2 X 0 0 0 David Devine Trustee 2 X 0 0 0 Stephen Falk Trustee 2 X 0 0 0 Deborah Lynch Fitzgerald Trustee 2 X 0 0 0 Doug Gross Trustee 2 X 0 0 0 Charles Hardwick Trustee 2 X 0 0 0 Greg Hatcher Trustee 2 X 0 0 0 Christopher Hufnagel Trustee 2 X 0 0 0 Cardell Johnson Trustee 2 X 0 0 0 David Larsen Trustee 2 X 0 0 0 Karen Magnuson Trustee 2 X 0 0 0 Edward Osowski Trustee 2 X 0 0 0 Darryl Schimeck Trustee 2 X 0 0 0 Kim Taylor Trustee 2 X 0 0 0 James Wheeler II Trustee 2 X 0 0 0 John Wilson Trustee 2 X 0 0 0 Rachelle Jacques Trustee 2 X 0 0 0 Burt Jordan Trustee 2 X 0 0 0 2470465 0 325458 18 1 1 0 Granger Construction Company 6267 Aurelius Road Lansing MI 48911 Construction manager 7139896 Metz Culinary Management LLC 2 Woodland Dr Dallas PA 18612 Food services 4182382 National Management Resources PO Box 1224 Lagrange GA 30241 Housekeeping and Grounds 1675691 EF Institute for Cultural Exchange Inc 2 Education Circle Cambridge MA 02141 Study abroad programs 701388 Ologie LLC 447 East Main St Columbus OH 43215 Website redesign, brand positioning 532350 29 0 0 0 0 662153 10440678 124464 11102831 Student tuition and fees 611310 56192432 56192432 0 0 Student room and board 611310 13992859 13992859 0 0 Student program fees 611310 2120633 2120633 0 0 0 0 0 0 72305924 2687992 0 -85116 2773108 0 0 0 0 0 0 0 0 852521 0 0 0 852521 0 852521 190670 661851 0 25707340 0 22534784 0 3172556 0 3172556 0 0 3172556 0 414424 273118 141306 0 141306 0 87352 0 87352 0 87352 90350482 72496594 805393 5945664 39247259 39247259 2312508 579713 1574528 158267 18313402 16746184 535740 1031478 1250537 825695 343298 81544 3037909 1514748 1423635 99526 1258024 1145588 37580 74856 116780 116780 94435 94435 648405 648405 2395650 2167642 161053 66955 1520965 615079 892638 13248 2627109 2399173 136361 91575 497472 497472 2232080 2224607 2255 5218 3019515 2927058 75184 17273 224319 167206 45314 11799 1581339 491592 1089747 0 3822521 3653242 169279 0 983064 21146 961918 0 Food service 3390761 3390761 0 0 Repairs & maintenance 3996905 3922767 41928 32210 Special events 190774 119169 47595 24010 Bad debt expense (recovery) -148659 -91666 0 -56993 360579 360579 0 0 92973653 82925014 8397673 1650966 649533 200371 474590 638765 13783116 11940188 1383492 1853410 0 0 0 0 2216131 1754985 200143 236733 1431314 1688490 170646791 75843781 90236029 94803010 114636668 113384688 30480371 33050960 0 0 0 0 703604 0 256194991 259551600 6318384 7276482 602827 904225 7420000 6890000 45511790 44886306 5757741 5500000 2916231 1049282 68526973 66506295 X 51471365 53392863 136196653 139652442 187668018 193045305 256194991 259551600 -2623171 7352053 0 648405 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 132927901 3183811 13614423 13266725 0 494489 135964921 128521753 1036985 13257189 9560000 0 328026 132927901 150400534 408641 -13758168 8050000 0 479254 128521753 121623175 657663 31900541 3165000 0 615845 150400534 124518463 735835 3293434 6278768 0 645789 121623175 0 0.52 0.48 0 1 0 0 2799447 2799447 0 138554383 56249972 82304411 0 0 0 0 0 18770380 17854515 915865 0 10522581 1739294 8783287 94803010 Alternative investments 33050960 F 33050960 Life income obligations 1048320 Refundable government loan program 962 1049282 Schedule D, Part V, Line 4 Intended uses for endowment funds are invested to provide maximum return within college risk tolerances. Annual draws are used to support student scholarships and other college operational needs. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Alma College's policy is distributed in information given to all constituents of Alma College. Schedule E, Part I, Line 6 Alma College receives federal financial aid for students such as Pell and SEOG grants. 1 Scholarships and awards 1200 39247259 0 Schedule I, Part I, Line 2 A list of recipients is on file at the college. Although there may be recipients who are related persons having an interest in the college, such recipients are selected on an equal, objectively determined basis with other recipients. All students receiving scholarships are judged worthily by the college's assessment on the basis of academic achievement, financial need, and other standards. X X X 1 1 0 0 0 0 0 0 0 Dr Jeffrey Abernathy President 350000 0 0 0 26371 0 91022 0 12973 0 480366 0 0 0 James Carman Vice President of Finance 173530 0 9364 0 0 0 14982 0 13807 0 211683 0 0 0 Damon Brown Vice President of Student Affairs 145084 0 7500 0 3648 0 11607 0 13613 0 181452 0 0 0 Melinda Booth Vice President for Communication and Marketing 136406 0 7250 0 1783 0 10913 0 4629 0 160981 0 0 0 Kelley Peatross Vice President of Human Resources 160000 0 8000 0 2522 0 3200 0 867 0 174589 0 0 0 Raymond Barclay Chief Operating Officer 138092 0 0 0 111715 0 11047 0 665 0 261519 0 0 0 Scott Wills Vice President of Advancement 96900 0 0 0 133562 0 7752 0 6916 0 245130 0 0 0 Schedule J, Part I, Line 4 Effective June 30, 2023 the Vice President for Advancement's employment was terminated and severance of $96,900 was paid to the individual. Effective December 31, 2023 the Chief Operating Officer's employment was terminated and severance of $82,500 was paid to the individual. Dr. Jeff Abernathy participates in a non-qualified deferred compensation plan. A contribution of $50,000 was made on his behalf. No distributions were taken during the tax year. A AMFA 2017 Multi Model Revenue Bond 381359083 2017-05-01 18700000 Refund debt, renovations 0 0 0 A 11810000 0 18700000 0 0 0 374950 0 0 0 0 0 0 1 1 1 A 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 X 240 Fair market value X 8 84703 Fair market value 0 0 1 0 Form 990, Part VI, Section B, Line 11b Form 990 is prepared and reviewed by the finance department and by an independent accounting firm. The form is provided to the board of directors prior to its being filed with the IRS. Form 990, Part VI, Section B, Line 12c Each year Broad of Trustee members, executive staff and other key employees are required to sign a written statement noting any conflict of interest dealings. These signed conflict of interest statements are reviewed annually by the Audit Committee of the Board of Trustees. If a potential conflict is disclosed, that person will be asked to abstain from any decision making related to the disclosed conflict. Form 990, Part VI, Section B, Line 15 The Board of Trustees executive committee along with input from the full Board of Trustees annually determines the compensation for the College president. Compensation amounts are based upon many factors, such as the skills and experiences of the president and comparable compensation levels provided by peer institutions. The president of the college, with input from the executive committee of the Board of Trustees, annually determines the compensation for the Provost, Chief Operating Officer, Chief Financial Officer, and other vice presidents. Form 990, Part VI, Section C, Line 19 Governing documents are made available to the public upon request. Alma Opera Block 614 W Superior Street Alma MI 48801 842694212 Leasing commercial and residential space MI N/A Related -22277 7111508 0 1 1 Alma Opera Block Manager LLC 614 W Superior Street Alma MI 48801 842702440 Leasing commercial and residential property MI N/A C -2076 8009094 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0